Vietnam Maritime Corporation (VIMC) will upgrade and expand investment with the existing infrastructure system and invest in-depth in seaports to increase capacity. exploitation and competition.

Forecasting 2023 is still “difficult” despite many positive signals

According to statistics from the Vietnam Maritime Administration, the total volume of cargo through Vietnam’s seaports in 2022 is estimated at 733.18 million tons, up 4% compared to the previous year. with 2021. The volume of container cargo through the seaport is estimated at 25.09 million TEUs, up 5%. 

In particular, in 2022, some seaports in Hai Phong, Ho Chi Minh City, Ba Ria – Vung Tau entered the list of 50 seaports with the largest cargo throughput in the world such as Lach Huyen port (Hai Phong), Cai Mep (Ba Ria – Vung Tau) allows receiving the largest container ships in the world, up to over 200,000 DWT.

Despite many positive results in 2022, many experts believe that 2023 is still a “difficult” year for the port and shipping industry due to the economic downturn. High and rising inflation in many countries increases the burden on the world economy. According to the Vietnam Maritime Corporation (VIMC), the seaport sector faces strong competitive pressure as many localities and businesses continue to deploy investment projects and build seaports to complete and expand operations. Meanwhile, the source of goods is at risk of decline after a year of outbreaks of diseases, natural disasters, and wars…

International sea freight rates suddenly plummeted after a period of rapid growth as a result of oversupply, which is expected to put great pressure on sea freight rates in the coming time. The global container index is now down nearly 70% from its peak in September 2021. 

Upgrading a series of seaports to welcome large ships 

Facing difficulties in the coming time, many shipping enterprises have upgraded and expanded the port operation system to increase competitiveness and attract more investments. Recently, Vietnam Maritime Corporation (VIMC) said it will upgrade and expand investment with the existing infrastructure system and invest in depth in seaports to increase exploitation capacity and competitiveness.

Specifically, in the Hai Phong area, VIMC invests in projects to build berths 3 and 4 at Lach Huyen Port; invests in phase 2 of VIMC Dinh Vu Port; develop a system of pontoon berths at anchorages. In the Central region, Da Nang Port is invested in depth, improving the exploitation capacity of Tien Sa Port; propose to invest in 2 berths to start Lien Chieu Port; speeding up the investment progress of the logistics center project in Hoa Vang to connect and reduce the flow of goods through Tien Sa port; research and development of passenger berths. 

Quy Nhon Port will also be invested in upgrading and expanding wharf 1; Quy Nhon Port expansion project to 2030 (phase 1, land area 3.8ha) and inland port infrastructure (ICD), connecting warehouse.

In the Ho Chi Minh City area, VIMC is expected to complete the Saigon-Hiep Phuoc Port project; study and propose the implementation of the Saigon-Hiep Phuoc Port project phase 2; mobilize resources, cooperate with MSC to research and invest in a large-scale international container transshipment terminal in Can Gio. 

In the Ba Ria-Vung Tau area, in the period to 2030, VIMC will study and participate in the development of ports for large vessels in the Cai Mep Ha area, and invest in passenger berths. In the Mekong Delta region, VIMC completed the infrastructure of Cai Cui Port and implemented the investment project to build VIMC Hau Giang Port Phase 2.

The completion of the seaport planning system will pave the way to mobilize diverse resources for the development of seaport infrastructure, towards building a smart and modern port system, constantly improving the quality of customer service and operational efficiency.

Source: E-Financial Magazine.